ValuEngine lowered shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other research analysts have also recently commented on BSBR. Zacks Investment Research raised shares of Banco Santander Brasil from a sell rating to a hold rating in a report on Wednesday, August 1st. Credit Suisse Group cut shares of Banco Santander Brasil from an outperform rating to a neutral rating in a report on Tuesday, June 12th. JPMorgan Chase & Co. cut shares of Banco Santander Brasil from an overweight rating to a neutral rating and set a $12.00 target price on the stock. in a report on Thursday, June 7th. Finally, Citigroup raised shares of Banco Santander Brasil from a sell rating to a neutral rating in a report on Tuesday, June 5th. Six analysts have rated the stock with a hold rating, Banco Santander Brasil has an average rating of Hold and a consensus target price of $12.00.

Shares of BSBR opened at $8.82 on Friday. Banco Santander Brasil has a 12 month low of $7.20 and a 12 month high of $12.11. The company has a market cap of $34.31 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.69.

The company also recently declared a special dividend, which was paid on Friday, August 3rd. Investors of record on Friday, July 6th were given a dividend of $0.0423 per share. The ex-dividend date of this dividend was Thursday, July 5th. Banco Santander Brasil’s dividend payout ratio is 23.29%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter worth approximately $130,000. Eagle Asset Management Inc. acquired a new stake in shares of Banco Santander Brasil during the 1st quarter worth approximately $198,000. UBS Group AG boosted its position in shares of Banco Santander Brasil by 81.7% during the 1st quarter. UBS Group AG now owns 115,133 shares of the bank’s stock worth $1,384,000 after acquiring an additional 51,761 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Banco Santander Brasil by 17.4% during the 1st quarter. Wells Fargo & Company MN now owns 193,385 shares of the bank’s stock worth $2,324,000 after acquiring an additional 28,675 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Banco Santander Brasil by 32.9% during the 1st quarter. Aperio Group LLC now owns 213,260 shares of the bank’s stock worth $2,563,000 after acquiring an additional 52,804 shares in the last quarter. Institutional investors and hedge funds own 1.36% of the company’s stock.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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